Yousif Capital Management LLC Has $1.94 Million Stock Position in SPS Commerce, Inc. $SPSC

Yousif Capital Management LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,229 shares of the software maker’s stock after buying an additional 158 shares during the quarter. Yousif Capital Management LLC’s holdings in SPS Commerce were worth $1,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in SPS Commerce by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock valued at $43,991,000 after purchasing an additional 34,859 shares in the last quarter. KBC Group NV raised its stake in SPS Commerce by 8.1% in the first quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after purchasing an additional 124 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in SPS Commerce by 22.7% in the second quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock valued at $2,285,000 after purchasing an additional 3,110 shares in the last quarter. Royal Bank of Canada raised its stake in SPS Commerce by 4.8% in the first quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock valued at $34,296,000 after purchasing an additional 11,859 shares in the last quarter. Finally, Select Equity Group L.P. raised its stake in SPS Commerce by 511.3% in the first quarter. Select Equity Group L.P. now owns 47,985 shares of the software maker’s stock valued at $6,369,000 after purchasing an additional 40,135 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald dropped their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus lowered their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Northland Securities set a $125.00 target price on SPS Commerce in a research note on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SPS Commerce in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and an average target price of $153.70.

SPS Commerce Trading Up 1.8%

NASDAQ:SPSC opened at $109.05 on Friday. The stock has a market cap of $4.13 billion, a P/E ratio of 50.02 and a beta of 0.69. The stock’s 50-day moving average is $109.00 and its 200-day moving average is $126.70. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analysts’ expectations of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.